Dongguan Development (Holdings) Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 478.92 million compared to CNY 638.83 million a year ago. Revenue was CNY 478.92 million compared to CNY 638.83 million a year ago. Net income was CNY 170.14 million compared to CNY 239.98 million a year ago. Basic earnings per share from continuing operations was CNY 0.1637 compared to CNY 0.2309 a year ago. Diluted earnings per share from continuing operations was CNY 0.1637 compared to CNY 0.2309 a year ago.